Today’s issue of WorkCompRecap features some news from the Oklahoma State Chamber, as it was recently announced that HB 2155, which would have allowed Oklahoma employers to offer alternative workers’ comp insurance as long as benefits were similar to the state’s plan, has been declared dead for the legislative year. Chamber President Fred Morgan voiced his disappointment, saying that the state’s high workers’ comp costs are an impediment to economic development in the state, and noting that the system is consistently ranked as one of the worst in the nation.
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Also in the news today is the Ohio BWC, who have announced that they have introduced a plan to hold next year’s statewide average base premium rate for private employers paying into Ohio’s workers’ comp system at the current level. If approved by the BWC’s Board of Directors at their meeting later this month, the plan would maintain the statewide average rate at the current level, thereby maintaining last year’s 4% average rate reduction over 2011 rates.
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